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Indian Biometric Market
Frost & Sullivan, Dec 2010, Pages: 77
Biometrics has been growing as the fastest emerging technology in the Indian Securities & Identification Market over the past few years. Poised to replace many conventional methods of Identity & Security checks like, Physical checks, Photo ID's, Tokens, Passwords, etc., Biometric technologies are finding increasing penetration in various Government, Non-Government applications. Biometric solutions ability to provide high-tech security and access restriction by tracking and preventing fraud, has catapulted it in a positive direction of growth in India
Research Overview
This Frost & Sullivan research service titled Indian Biometric Market provides revenue forecasts, product, technology and application segmentation, and market analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following applications: time and attendance, access control (physical and logical, transactional authentication, and PC/network security), and identity management (law enforcement and government projects).
This analysis is available through our Automatic Identification & Security Growth Partnership Services program. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Rising Security Concerns Create a Vast Market for Biometrics in India
Biometrics is gradually gaining ground at the expense of conventional methods of identification and security checks such as physical checks, photo IDs, tokens, and passwords. It is the fastest emerging technology in the Indian securities and identification market and is finding increasing application in various government and non-government applications such as driving license, e-passport, land records, as well as time and attendance. “There is an increasing need to secure people, assets, information, and facilities by managing access control for authorized people,” says the analyst of this research. “The Indian biometrics market is receiving a huge boost from large-scale government projects, increasing public awareness, and rising security concerns.”
Owing to India’s large population, identifying oneself in the country is a major hurdle, especially in the rural areas. This has made a solid case for the use of biometrics in the interiors. Furthermore, due to a rapidly rising economy, there has been a spurt in the need for safety and security solutions among organizations dealing with private and confidential data. The escalation in security threats has also spawned a need for authenticated physical access to building premises, creating vast opportunities for biometrics companies. As the technology is bundled with the ability to record the time and attendance of employees, it has gained better acceptance across domains. Biometrics’ ability to provide high-tech security and access restriction by tracking and preventing fraud has also given it a leg up.
Despite the market’s potential, the poor awareness, lack of a unified standard for biometric readers, as well as inadequate expertise and investments are restraining the market. India has not yet started manufacturing biometric devices domestically because the sensors have to be imported. Owing to a surfeit of imports, the market is flooded with low-cost, low-quality devices. As these devices often fail to meet quality standards, customers’ confidence in the technology is fast eroding. Nevertheless, the penetration of Internet and mobile services in far-flung areas has made novel technologies accessible to all. “Further, technology upgrades have reduced the costs of biometric devices, popularizing it among all classes of users,” notes the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Time and attendance
Access control
- Physical and logical
- Transactional authentication
- PC/network security
Identity management
- Law enforcement
- Government projects
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